Press release: Garnett Station Partners
Garnett Station Partners, LLC, a New York-based principal investment firm, has announced its growth investment into Woof Gang Bakery & Grooming. Founded in 2007 by Paul and Cara Allen, Woof Gang is the leading pet services and specialty retail franchisor with more than 200 locations open or under development across 18 states. Financial terms of the deal were not disclosed.
“Paul and Cara have built an outstanding brand and operating model that has led to best-in-class unit economics. We are thrilled that they chose to partner with our firm,” said Alex Sloane, co-founder and managing partner at Garnett Station.
“With a $50,000 loan, Cara and I opened our first store in 2007,” Paul Allen of Woof Gang added. “Over the next 15 years, we grew Woof Gang with our team members, franchise owners and no outside capital. Our vision to build an unparalleled neighborhood pet store brand, and provide the very best quality and service to customers and their pets, has been our passion and driving mission. Today, with over 200 stores open or under development and $125+ million of run rate system sales, Woof Gang is ready for new and exciting leadership. After a long search, we could not have found a better partner to take Woof Gang to the next level than the team at Garnett Station.”
“We believe a remarkable opportunity exists to grow the brand and we are extremely excited to provide both growth capital and operational resources necessary to turbo charge the company’s growth,” added Alex Macedo, Partner at Garnett Station.
Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $1 billion of assets. Garnett Station partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms.